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Emaar the Economic City JSC (SAU:4220) Net Income : ﷼-1,357.0 Mil (TTM As of Sep. 2024)


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What is Emaar the Economic City JSC Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Emaar the Economic City JSC's Net Income for the three months ended in Sep. 2024 was ﷼-458.9 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was ﷼-1,357.0 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Emaar the Economic City JSC's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was ﷼-0.88.


Emaar the Economic City JSC Net Income Historical Data

The historical data trend for Emaar the Economic City JSC's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Emaar the Economic City JSC Net Income Chart

Emaar the Economic City JSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -533.39 -1,248.36 -836.53 -1,157.29 -253.22

Emaar the Economic City JSC Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.17 -204.19 -351.65 -342.27 -458.87

Emaar the Economic City JSC Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Emaar the Economic City JSC's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-208.22+-45+0+0
=-253.2

Emaar the Economic City JSC's Net Income for the quarter that ended in Sep. 2024 is calculated as

Net Income(Q: Sep. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-448.869+-10+0+0
=-458.9

Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼-1,357.0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Emaar the Economic City JSC  (SAU:4220) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Emaar the Economic City JSC's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Emaar the Economic City JSC Net Income Related Terms

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Emaar the Economic City JSC Business Description

Traded in Other Exchanges
N/A
Address
Abdullah Economic City, Rabigh, SAU
Emaar the Economic City JSC is a real estate development and management company. The main activity of the company is the development of the King Abdullah Economic City (KAEC). It is also engaged in the development of real estate in the economic and other zones and other development activities, including infrastructures, promotion, marketing and sale of land within development areas, development of buildings and housing units, and construction on behalf of other parties. The company's reportable segments includes Residential business, Industrial development, Hospitality and leisure, Education services, and City operations. Key revenue is derived from its Residential business segment which includes revenue from sale/lease rental income of land and units for residential purposes.

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